Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Need help getting the answers for each question.

1. The Robinson Company from Problem 2 had net sales of $1,200,000 in 2010 and $1,300,000 in 2011.

a. Determine the receivables turnover in each year.
b. Calculate the average collection period for each year.
c. Based on the receivables turnover in 2010, estimate the investment in receivables if net sales were $1,300,000 in 2011.
d. How much of a change in the 2011 receivables occurred?

2. Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 2010 and $1,200,000 in 2011.

a. Calculate the inventory turnover for each year. Comment on your findings.
b. What would have been the amount of inventories in 2011 if the 2010 turnover ratio had been maintained?

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M9868754

Have any Question?


Related Questions in Basic Finance

If you insulate your office for 16000 you will save 1600 a

If you insulate your office for $16,000, you will save $1,600 a year in heating expenses. These savings will last forever. a.  What is the NPV of the investment when the cost of capital is 5%? 10%? b.  What is the IRR of ...

You need 5000 to buy a new stereo for your car if you have

You need $5,000 to buy a new stereo for your car. If you have $1,500 to invest at 6% compounded annually, how long will you have to wait to buy the stereo? All work and formulas leading up to the answer have to be shown

Corporate financewhich publicly traded stock in your

Corporate finance Which publicly traded stock in your opinion is well-positioned to perform well next year? Why?

What is firm level strategy in business define and

What is firm level strategy in business? Define and explain

Assignment - your credit reportgood personal credit

Assignment - Your Credit Report Good personal credit standing is integral to financial success. As an individual, you are judged by your personal credit. Your credit rating is not only used to determine your ability to b ...

If you deposit 870 at 2400annual interest compounded daily

If you deposit $870 at 24.00%annual interest compounded daily, how much money will be in the account after 24 years? (Assume that there are 364 days in a year) Suppose you deposit $194 today, $660 in one year, and $615 i ...

What is the formula to solve this problem in excelcomparing

What is the formula to solve this problem in excel... Comparing capital budgeting tools: Capital budgeting analysis of mutually exclusive projects A and B yields the following. What project should management choose? Expl ...

Question - discuss the concerns related to valuing a firm

Question - Discuss the concerns related to valuing a firm that deals in multiple currencies. A substantial initial response consisting of a minimum of 100 words, using proper grammar, spelling, and punctuation, as well a ...

Roll tide inc has 10000 shares of common stock outstanding

Roll Tide, Inc. has 10,000 shares of common stock outstanding at a price of $18 a share. The firm's beta is 1.3 and the market risk premium is 6.5%. The Treasury bill rate is 3.5%. There are 9,000 shares of preferred sto ...

Cardinal industries had the following operating results for

Cardinal Industries had the following operating results for 2018: Sales = $33,813; Cost of goods sold = $23,967; Depreciation expense = $5,947; Interest expense = $2,685; Dividends paid = $1,951. At the beginning of the ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As